Ethereum Breaks Its Realized Price—Is a New Bull Run Brewing?

Crypto market realized price is the average purchase price of all circulating coins. A trading price below the realized price indicates a negative market since investors are retaining a loss. The opposite is true for bull markets.

Based on Binance exchange activity for accumulating addresses, long-term holders and regular deposits, ETH is trading over $1900.

Although the market has rebounded since mid-April, this happened only last week. Since long-term holders are now profiting, ETH's price surge over $1900 signals fresh confidence in its long-term worth.

Most recent ETH outflows are from Binance, the most active crypto exchange for ETH trading, demonstrating this trust.

When Binance ETH deposit addresses are profitable with the current ETH price above the realized price, traders' confidence and market activity rise. The price gain over $1900 indicates continued positive momentum, allowing profit-taking without interrupting the uptrend.

Crypto ETH trading community. Massive ETH outflows on the exchange imply considerable market activity amid price appreciation.

The expert predicted the exchange's continued dominance since traders always utilize the most liquid exchange to manage their holdings for accumulation or profit.

Ethereum is now $2,525, up 5.88% in a day. The asset's trading volume is down 18.44% to $33.79 billion. A fresh failure in the last few hours keeps ETH next's resistance around $2,600. If the cryptocurrency breaks this barrier, it might reach $2,800.

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